Cable Car and Ropeways Market Size & Share

The cable car and ropeways market size reached US$ 1,292.1 million in 2023. Looking forward, Reports and Insights expects the market to reach US$ 3,359.2 million by 2032, exhibiting a growth rate (CAGR) of 11.2% during 2024-2032.

Cable car and ropeway systems offer efficient and scenic transportation solutions in various settings, including urban areas, tourist destinations, and mountainous terrains. These systems utilize cables and gondolas to transport passengers, tourists, and even materials. These provide a unique travel experience while reducing congestion and offering panoramic views. The diverse solutions include aerial trams, gondolas, chairlifts, and others. These systems contribute to urban mobility, ease traffic congestion, connect remote areas, and provide access to recreational destinations. With innovative technologies and sustainable practices, cable car and ropeway systems are evolving to meet the ongoing demand for convenient and environmentally friendly transportation options.